Jagran Prakashan’s Q1-20 sales Rs 191.09 crore – down 67.3%

Q on Q raw material (largely newsprint) consumption down 66%

Of the print news media in India, Dainik Jagran in Hindii is one of the highest circulated daily newspapers
Of the print news media in India, Dainik Jagran in Hindii is one of the highest circulated daily newspapers

Jagran Prakashan’s consolidated Q1 2020 (April, May, June) numbers are down 67.3% from the Q1 of 2019 figures of Rs 584.28 crore. The quarterly net loss at Rs. 39.57 crore in June 2020 is down 161.47% from Rs. 64.36 crore in June 2019. The EBITDA stands negative at Rs. 20.82 crore in June 2020, down 114.35% from Rs. 145.10 crore in June 2019.

Jagran Prakashan is the publisher of the leading Hindi daily Dainik Jagran from more than 45 centers across India and several other dailies and other publications. It is also the owner of several other allied media and communication businesses.

Jagran Prakashan’s standalone figures for Q1 2020 show net sales at Rs 174.46 crore, down 64.31% from Q1 of 2019 in which net sales were Rs. 488.78 crore. The standalone quarterly net loss is Rs. 19.27 crore in Q1 2020, down 132.42% from Rs 59.45 crore in the June Q1 quarter of 2019. The EBITDA is negative or -Rs. 2.31 crore for the June 2020 quarter, down 102% from the profitable Q1 2019, which reported a positive Rs. 59.45 crore.

Jagran Prakashan shares closed at 38.35 on July 31, 2020 (NSE), and have given -43.81% returns over the last six months and -54.32% over 12 months. Interestingly, for newsprint consumption watchers, is the reported consumption of raw materials at Rs. 59.72 crore in comparison to the consumption in Q1 2019, which was reported as Rs. 175.64 crores. This represents a decrease in raw material consumption (which we presume is largely newsprint but would also likely include offset plates and ink) of 65.99%.

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

It is the right time to support our high-impact reporting and authoritative and technical information with some of the best correspondents in the industry. Readers can power Indian Printer and Publisher’s balanced industry journalism and help sustain us by subscribing.

– Naresh Khanna

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